Tax credits

The service said Monday it plans to lower its audit rate of low-income taxpayers, even as some criticize its ability to protect taxpayer information.

The Internal Revenue Service released a sneak peak of some of the changes it's hoping to make to the form for claiming research credits.

The immediate moratorium will be in effect until the end of the year.

The IRS is starting to get more interested in who prepared a claim for the Employee Retention Credit.

Corn farmers and biofuel producers are poised to gain from turning ethanol into sustainable jet fuel — depending on how Washington writes the tax policy.

The IRS and the Treasury issued guidance on some of the requirements for claiming credits under the Inflation Reduction Act.

The Internal Revenue Service correctly calculated the allowable Recovery Rebate Credit for the vast majority of 2021 tax returns, but some erroneous payments were made, according to a new report.

Energy credits and a more responsive IRS seem to be the main talking points practitioners are hearing about.

Confusion around ever-changing rules, price-sensitivity and other factors have dampened the results of the Inflation Reduction Act's incentives.

The guidance could spur development of renewable energy under the Inflation Reduction Act.

The administration could phase in some requirements in a bid to nurture a nascent industry critical to decarbonizing industrial operations.

The service released information on how taxpayers can claim the energy efficient home improvement credit.

Basis Climate introduced a digital exchange where companies can buy and sell renewable energy tax credits like the kind offered under the Inflation Reduction Act.

With the IRS cracking down, knowing when and how clients can claim the credit — and when they can't — is critical.

Tax experts testified during a hearing about the Employee Retention Credit and the issues they and their clients are facing.

The Internal Revenue Service will be adding extra procedures to deter scammers who have been inundating the agency with bogus claims for the Employee Retention Credit.

The Treasury released partial guidance on supply-chain requirements that lets some vehicles qualify — but it hasn't yet clarified how to classify so-called foreign entities of concern.

The service has updated its systems to detect invalid claims for the Child and Dependent Care Credit and the EITC.

The service posted a fact sheet Friday on tax credits for renewable energy projects under the Inflation Reduction Act.

Two provisions from the Inflation Reduction Act are already having an impact on encouraging this kind of business in the U.S.